Vega Mining Closes Private Placement
May 08 2014 - 6:00PM
Marketwired
Vega Mining Closes Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 8, 2014) - Vega
Mining Inc. (Vega) (TSX-VENTURE:VMI) is pleased to announce that it
has closed the final tranche of the non-brokered private placement
originally announced February 26th 2014.
A total of 380,000 units will be issued as non flow-through
units at a price of $0.05 per unit for total proceeds of $19,000.
Each unit will consist of one common share and one share purchase
warrant. Each warrant will entitle the holder to purchase one
additional common share of the Company at a price of $0.10 per
share for 18 months from the date of closing.
Shares, warrants and any shares issued upon exercise of the
warrants are subject to a hold period of four months and one day
expiring September 9th, 2014. The proceeds of the private placement
will be used for general working capital.
The Company previously announced April 14th 2014 that it had
closed the first tranche totaling 1,725,000 units, with the same
terms as above, for gross proceeds of $86,250. Shares, warrants and
any shares issued upon exercise of the warrants under this tranche
are subject to a hold period of four months expiring August 12th
2014.
Vega Mining Inc. (TSX-VENTURE:VMI) is a Canadian junior
exploration company focused on discovering gold and graphite
deposits in politically safe jurisdictions.
On behalf of the board of VEGA MINING INC.
Archie Boyce, President
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Cautionary note:
This report contains forward looking statements. Resource
estimates, unless specifically noted, are considered speculative.
Any and all other resource or reserve estimates are historical in
nature, and should not be relied upon. The production rate and
mine-life projections have been made without support of a
feasibility study, there is no certainty the proposed operations
will be economically viable. By their nature, forward looking
statements involve risk and uncertainties because they relate to
events and depend on factors that will or may occur in the future.
Actual results may vary depending upon exploration activities,
industry production, commodity demand and pricing, currency
exchange rates, and, but not limited to, general economic factors.
Cautionary Note to US investors: The U.S. Securities and Exchange
Commission specifically prohibits the use of certain terms, such as
"reserves" unless such figures are based upon actual production or
formation tests and can be shown to be economically and legally
producible
Vega Mining Inc.Archie Boyce(604) 683
5445info@vegamininginc.comwww.vegamininginc.com